LGO Receives Approval to Recommence Trinidad Drilling
LGO Energy plc’s local operating subsidiary, Goudron E&P Limited, has received approval from the Petroleum Company of Trinidad and Tobago and the Ministry of Energy and Energy Industries for the first of its planned Mayaro Sandstone infill wells, currently designated H18E G11(5).
The well will be drilled vertically to a total depth of 1,250 feet and is expected to intersect the Mayaro Sandstone oil pay between 650 and 1,050 feet.
GEPL has outline approval for up to 45 new wells in the Goudron Field and a program of up to 70 infill production wells to the field-wide Mayaro Sandstone oil pay is contemplated, the company stated, commencing with the current initial well program which will be expanded based on results and the availability of funding.
"We are pleased to be able to start 2017 by announcing that the practical preparations for an imminent return to development drilling are now firmly underway and that we can expect drilling of the Mayaro infill program to get started shortly as announced in December,” Neil Ritson, LGO's chief executive, said.
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